What is Health Insurance?
Health insurance is a type of insurance that protects your savings in case of medical emergencies or planned treatments, including surgeries, hospitalization, day-care treatments, pre-hospitalization, post-hospitalization post-hospitalization, ambulance charges, ICU charges, etc.
An ideal health insurance policy helps offset the financial burden of any medical emergency. Further, it also provides tax savings of up to ₹75,000 on the premium amount according to Section 80D of the Income Tax Act.
Select from Our Best Health Insurance Plans in India
We ensure that you and your loved ones receive optimum healthcare coverage complemented with an affordable premium. Here are some of the best health insurance plans in India offered by Care Health Insurance:
Ultimate Care Health Plan That Covers You in Need and Rewards You for Staying Fit!
Care Supreme Health Plan with Capless Coverage for You and Your Loved Ones!
Care Advantage Health Insurance with Global Medical Coverage.
Care Supreme- Senior Health Insurance Offering Health Security During the 60s.
Ultimate Care
Health insurance plan with Infinity Bonus, and industry's first innovative Moneyback feature.
Money Back feature for every block of 5 claim-free years.
100% boost in coverage upon continuous renewal.
Double sum insured upon 7 continuous claim-free years.
Tenure multiplier for one big claim up to the limit of the remaining SI.
Cover Amount₹5 lakh
Starting At₹372/month
Why Choose Care Health Insurance?
As one of the leading health insurance providers in India, our strength ranges from offering tailor-made services to swift claim settlements. We offer a comprehensive range of health insurance plans in India. Given below are some of the reasons why a health insurance policy from Care Health Insurance may be the best option for you:
1.Affordable Premiums with Extensive Coverage
Our health insurance plans offer a new-age coverage at an affordable premium to ensure you are appropriately covered without digging a hole in your pocket!
2.Wide Range of Plan Options
We ensure competitive coverage for everyone through the diverse plan options for families, individuals, parents, expecting mothers, and people with critical illnesses
3.Vast Network
We have a wide network of 21700+ cashless healthcare providers, including 11500+ network hospitals, that ensure you can avail of quality treatment in times of need.
4.Easy Claim Process
With a hassle-free claim procedure available both online and offline, we are also home to one of the best claim assistance team which means convenient claims anytime any day!
Features of Care Health Insurance Plans
Owing to our vast chain of cashless network providers and efficient claim processing capabilities. Addressed below are the features of the best health insurance plans from Care Health Insurance:
Parameter Definition Details
Sum insured
The sum insured is an amount paid by the insurer to the insured in case of an unforeseen event.
Ranging from ₹5 lakhs to ₹1 crores
Pre-hospitalization expenses
Diagnostic, consultation, and medical charges incurred before hospitalization are pre-hospitalization expenses
Covered up to 60 days
Post-hospitalization expenses
The expenses incurred in taking recovery diagnosis, consultation and medication after discharge are called post-hospitalization expenses.
Covered up to 90 days
Ambulance charges
The cost incurred in hiring ambulance services if a medical emergency occurs.
✅
Daycare treatments
A treatment that does not require 24-hour hospitalization is known as daycare treatment. Examples include dialysis and chemotherapy.
✅
ICU charges
The cost incurred towards availing of ICU services.
✅
Add-ons
An additional feature in health insurance plans that can be bought by paying an extra premium.
✅
Hospital Network
The list of hospitals that tie up with the insurance company to provide hassle-free treatments to the insured is called network hospitals in health insurance.
21700+ cashless healthcare providers with 11500+ network hospitals
Tax benefits
The tax benefit is the deduction from the taxable amount you can avail of based on your health insurance premium.
Up to ₹75000 Under Section 80D~
AYUSH treatments
The medicine practices, including Ayurveda, Yunani, Siddha, and Homeopathy, are AYUSH treatments.
✅
Domiciliary treatments
Domiciliary treatment is the medical treatment offered to a patient at home when hospitalization is impossible.
✅
Grace period
The period after the policy expiry date, when you can renew your policy and retain the existing benefits, is known as a Grace period.
30 days after policy expiry
Waiting period
The time that you have to wait before filing a claim for specified diseases is known as the Waiting period.
30 days / 24 months/36 months
Policy tenure
Policy tenure is the maximum tenure till which you want your policy to offer coverage.
1 year/ 2 years/ 3 years / 4 years/ 5 years
Advanced medical treatments
Treatment procedures that require modern methods, such as robotic surgery, laser treatment, stem cell therapy, etc., are known as Advanced medical treatments.
Covered
Critical illness
According to IRDAI, illnesses such as Cancer, Pulmonary Thromboembolism, Stroke, Angioplasty, etc. are considered critical illnesses.
Special plans offering coverage for 32 illnesses
Comparing Our Health Insurance Plan with Other Insurers
There is no universal health insurance policy that suits everyone. Different plans have varying benefits, coverage, and premiums. Hence, comparing plans to choose the one that meets your needs is important. Take a look at how our plan compares to other options in the market:
Benefits Other Health Insurers Plans Care's Ultimate Care Plan
Moneyback Benefit
Although loyalty bonuses are offered for claim-free years, premiums are not returned.
Ultimate Care returns the first year’s base premium upon every block of 5 claim-free years.
Bonus Limit
Other health insurance has a set limit on the bonus amount offered.
The infinity bonus boosts your coverage up to 100% of the sum insured every year upon consecutive renewals.
Room rent limits
Other health insurance plans may have sub-limits on room rent.
No Room rent limit
Co-pay
May have a fixed co-pay
No Co-pay
Unlimited Automatic Recharge
Coverage extends to Sum Insured only.
The Sum Insured is automatically recharged unlimited times throughout the policy year.
Unlimited E-consultation
Other insurers do not offer unlimited e-consultation benefit.
Access qualified doctors online as often as needed, at no extra cost, for convenient medical advice from home.
A Note from the Expert’s Desk
Health Insurance is a powerful investment that is evolving to address not just unprecedented health emergencies but also chronic health conditions. Also, with medical inflation soaring yearly, having an appropriate plan is not just an option- but a necessity. With the right health insurance by your side, you can ensure access to quality healthcare without a financial strain.
Remember to assess your loved one’s medical needs, compare policies, and choose a plan that backs them with comprehensive coverage, including hospitalization and preventive care services. Your informed decision today can make a huge difference in your family’s health and finances in the long run—for good.
Benefits of Health Insurance
According to a report by Business Standard, wholesale prices in India rose to 0.53% in March 2024. This inflation has also been significant in the medical sector! The constant year-on-year increase in medicine prices, diagnostic tests, and hospital charges across India have made having an affordable Mediclaim policy the need of the hour! Mentioned below are a few benefits of having health insurance:
Financial Protection: The main advantage of having good health insurance is saving money. Healthcare costs can be expensive, especially for urgent and serious medical conditions. By making regular monthly payments, you protect your finances by offsetting the risk to health insurance providers.
Coverage for Critical Illnesses: An expansive health insurance can ensure that you get access to quality healthcare even if you are inflicted by a critical illness.
Protection above Corporate Health Insurance: The comprehensive coverage and new-age benefits of an ideal medical insurance plan ensure that you do not suffer upon the exhaustion of your corporate plan.
Cashless Claim Benefit: During a medical emergency, a health insurance plan with an expansive healthcare network can ensure that your focus remains on recovery, not paperwork.
Tax Benefits under Section 80D:Health insurance is not just a safety net for your health and finances but also an asset that can help you avail of tax benefits of up to ₹75,000 under Section 80D of the Income Tax Act, 1961.
Wellness & Preventive Care: Health insurance plans nowadays come with new-age benefits such as annual health check-ups, fitness benefits, and others that may prevent chronic ailments. Regular screening and health check-ups offered with medical insurance coverage can aid in identifying possible health concerns before they worsen and treatment can be started promptly.
Common Health Insurance Terms You Should Know
Understanding the terms and conditions of your health insurance is crucial for policyholders to avoid last-minute hassles. Read out these commonly used health insurance terms to make reading the policy documents easier:
Co-payment: Some insurance policies have an inbuilt copayment clause. Copayment, or ‘Copay’, is a specific amount or percentage an insured individual must pay from his/her pocket every time a claim is raised. Simply put, it is a cost-sharing concept between the policyholder and the insurance company.
Deductible: A deductible is the amount you pay from your pocket when a claim is raised. Here is an example of how deductibles in health insurance work: If your health insurance claim amount is Rs. 2,00,000 and your policy’s deductible amount is ₹50,000, then you pay ₹50,000. At the same time, the health insurance company pays the balance of ₹1,50,000. So, it is essential to check your medical insurance policy documents for a deductible clause and choose one without a deductible unless you are okay with bearing a part of the treatment cost.
Sum insured: When you buy a health insurance policy, you must choose a coverage amount up to which your health insurance company will cover the medical expenses. The higher the sum insured, the higher the premium.
Top-up plans: These are the best health insurance plans that help you get more coverage if your basic sum insured is exhausted during a medical emergency. Top-up or super top-up policies can be purchased along with a base policy.
Pre-existing Diseases: If someone suffers from an illness before purchasing a health plan, it is called a pre-existing disease. Some common examples are diabetes, asthma, hypertension, or high BMI. People with a pre-existing illness can also be eligible for best health insurance policy in India. However, they generally have to pay a slightly higher premium or serve a pre-decided waiting period to be able to file a claim against the condition.
Claim Intimation: Claim intimation in health insurance refers to informing insurance providers about the upcoming claim. This usually involves notifying the insurance provider about hospitalization medical treatment before submitting detailed claim information. It enables insurers to be aware beforehand to streamline the subsequent claims processing. It is important to know that in some cases if the insured person does not submit an insurance claim intimation, the claim might be rejected.
Cashless Hospitalization Claim: A cashless hospitalization claim is a facility offered by medical insurance providers to help policyholders access medical services without worrying about the availability of upfront finances. To use this facility best, one has to receive treatment at network hospitals affiliated with the insurance provider.
Reimbursement Claim: The term reimbursement claim refers to the repayment of the claim. In this type of claim settlement, you pay the medical/hospitalization bills for the medical treatment you avail of. Once you submit the bills to your health insurance provider, you can file a claim and get the covered amount from the insurer.
No Claim Bonus: No claim bonus(NCB) is an additional benefit in health insurance plans that rewards you with a complimentary bonus for every claim-free year. This bonus helps increase the coverage amount of your health insurance policy, providing greater financial protection.
Sublimit: A sub-limit is a predetermined capping applied by the insurer on certain medical expenses under your private health insurance. It works as a limit on how much claim amount the insurer will pay for a given healthcare expense. Sub-limits are usually calculated in percentage and apply to both cashless and reimbursement claims.
Room Type: Room type refers to the kind of hospital room a policy covers. Common categories include general ward, semi-private room, and private room. The type of room you choose can directly impact the overall cost of your hospitalization bill.
Room Rent Proportionate Charge: Room Rent Proportionate Charge limits the amount an insurer will pay for room rent per day during hospitalization. If you exceed the room rent limit, you must pay the difference out of your pocket.
Smart Select Hospitals: Smart select at Care Health Insurance is an add-on benefit facility that allows an insured to pay 15% lesser premium and get coverage up to sum insured at Care’s Smart Select Network Hospitals. Please note that getting treatment out of the smart select network may borne a 20% copayment or as specified in the policy documents.
Use of Preventive Care: Taking timely precautions is the need of the hour. Under preventive care, best Mediclaim policy in India that cover COVID treatment, annual health check-ups, general OPD visits, diagnosis, medical tests, consultations, etc., done to analyze any severe health patterns beforehand. By paying the premium, you can avail of preventive care benefits under your affordable medical insurance plans.
Alternate Treatments in Health Insurance: Alternative medicines are better known as AYUSH treatments, which stand for Ayurveda, Yoga, Unani, Siddha, and Homeopathy. These treatments are deemed safe and effective not just in India but worldwide.
What is Covered under Care Health Insurance Plans?
We offer the best health insurance plans for medical expenses, which provide comprehensive financial protection in times of urgency by covering various medical expenses apart from the bills you incur during hospitalisation. The coverage provided is subject to the policy terms and conditions. The expenses covered in health insurance policies are:
1.In-Patient Hospitalization
Our medical insurance policies cover your expenses, such as room rent, ICU charges, doctor’s fees, etc., during any planned or emergency hospitalization up to the sum insured.
2.Pre-Hospitalization Medical Expenses
We cover your medical expenses, such as doctor’s consultations, medical tests, and medication, up to 60 days before hospital admission.
3.Advanced Medical Treatments
With our health insurance plans in India, you can access advanced medical care and get coverage for modern treatments, including robotic surgeries and chemotherapies.
4.Daily Allowance
The everyday expenses during hospitalization can be burdensome, but our health insurance plans provide a fixed amount to cover them.
5.Post-Hospitalization Medical Expenses
Medical expenses, such as follow-up visits and medical tests, are covered up to 90 days immediately after discharge from the hospital.
6.Domiciliary Hospitalization
We offer domiciliary hospitalization expenses to ensure uninterrupted medical coverage per the policy terms.
7.AYUSH Treatments
Treat your ailments with a combination of modern and traditional treatments. Our AYUSH coverage helps you avail of alternative treatment as per policy terms and conditions.
8.Coronavirus Treatment
We offer standard coverage for hospitalization and medication as per policy terms to ensure you are not strained due to a COVID-19 infection.
The best medical insurance plans also offer maternity benefits as an optional cover for delivery-related expenses. Various add-ons are available at an additional premium, including OPD Care, which covers expenses such as OPD consultations, diagnostics, and medicines.
Disclaimer: For more details on product coverage, please check our product pages and policy documents.
What is Not Covered under Health Insurance Policies?
We want all our customers to be well-informed before purchasing a health insurance policy. Therefore, we urge you to review the policy documents within the free lookup period to avoid last-minute rejections of claims. Mentioned below are the common exclusions of a health insurance plan that you opt from Care Health Insurance:
Self-Inflicted Injuries: Any injuries caused intentionally by the insured, including suicide attempts or acts of self-harm, are not covered under the health insurance policies.
Initial 30-Day Waiting Period: Diseases, surgeries, or medical treatments arising within the first 30 days from the start date of the policy are generally excluded, except for accidental injuries, which are covered from day one.
Pregnancy and Childbirth: Medical treatments related to pregnancy, childbirth, miscarriage, abortion, or any complications arising from these conditions are excluded.
Cosmetic Treatments: Any procedure done solely for cosmetic purposes, such as plastic surgery or aesthetic enhancements, is excluded, unless it's medically necessary due to an accident or reconstructive need.
Substance Abuse: Expenses resulting from the use, misuse, or abuse of alcohol, drugs, or other intoxicants are not covered under health insurance plan.
War and Related Events: Hospitalization resulting from war, riots, civil unrest, strikes, acts of terrorism, or exposure to nuclear weapons or materials is not covered by the insurance policy.
Obesity/Weight Control: Expenses related to the surgical treatment of obesity that do not fulfil conditions, like the patient being 18 years of age or more, surgery supported by clinical protocols, and a BMI greater than or equal to 40, are not covered under the Mediclaim policy.
Change of Gender Treatments: Medical expenses for treatments to alter one's physical characteristics to those of the opposite sex, through surgery or other means, are not covered under the health insurance policy.
Which Add-ons are Included in a Care Health Insurance Policy?
Health Insurance plans from Care Health Insurance come with different add-on benefits that help you customize premiums and/or expand your coverage. Listed below are a few add-ons that our customers love the most.
Air-ambulance cover: Financial cover for transportation by air ambulance if deemed medically necessary.
Care Shield: This benefit can be divided into three features:
Claim Shield: Covers expenses for specific non-payable items.
No Claim Bonus Shield: The no-claim bonus remains unaffected even with small claims.
Inflation Shield: Your sum insured increases annually based on inflation.
Co-payment waiver for senior citizens: Removes the co-payment requirement for an extra premium.
Annual health check-up: Provides free yearly check-ups for every insured member at network labs.
Smart Select: Get a 15% premium discount by using network healthcare providers, but a 20% co-pay applies for non-network.
Reduction in the PED Waiting Period: Waive the waiting period for pre-existing conditions.
No Claim Bonus Super: Get a 50% increase in SI over 5 years if no claims are made in this time period.
Care OPD: Get reimbursement for a limited number of general physician and specialist consultations annually.
How to File a Claim under Health Insurance Plans
Emergency
Intimate within 24 hours of your hospitalization
Planned Hospitalization
Intimate us 48 hours prior to your hospitalization
Cashless
Request for pre-authorization
Reimbursement
Claim form submission
Complete the pre-authorization form available
at the hospitals' insurance/TPA Desk and send us through fax.
Approval
Approval letter sent by the claim management team
Query
Hospital/Insured to respond to the query raised by the claim management team
Rejected
You may initiate the treatment and file for reimbursement claim
How Do Health Insurance Plans Work?
A health insurance plan works on the principles of indemnity, wherein the insurer agrees to pay the amount of hospitalization cost up to the sum insured. The primary role of health or medical insurance is to lower the financial burden of unexpected life events like illnesses, accidents, and ailments. The formula is simple-your health insurer provides financial support during medical emergencies in return for a regular premium payment. Yet, there’s more to a health insurance policy than only the premium and sum insured.
Shortlist a plan: Choose a health insurance plan that meets your needs and budget.
Make regular premium payments: Pay your premiums on time to keep your policy active.
Seek medical treatment: Receive medical care from a healthcare provider.
File a claim: Submit a claim to your insurance company for the medical expenses incurred.
Claim assessment: The insurance company reviews your claim to determine settlement
Which Type of Health Insurance Should You Buy?
You should determine the ideal health plan for yourself and your family by evaluating the healthcare needs, age, and current health status of every member. To help you select the right health policies for every member, we have created a scenario-based differentiation covering the different needs of individuals and families. Find out which scenario is most relatable to you and secure yourself with our policy offerings-
If You Have Dependent Family Members
Cover all your family’s medical needs under one plan. These plans have a single affordable premium, annual health check-ups, and customizable benefits for every member. We offer sum insured options of up to ₹ 6 crore
Family Floater Insurance Policy
If You are Young and Need Complete Coverage This inflation-proof plan offers comprehensive financial and healthcare security for young adults. This plan has several benefits such as personal accident coverage, discounts, and no co-payment. These plans are available on individual and family floater basis
Youth Health Insurance Plan
If You Have Elderly Parents to Look After Senior citizen health insurance plans offer complete coverage for elders, including automatic recharge, annual health check-ups, and tax benefits. Further, this policy does not require pre-policy medical check-ups.
Senior Citizen Health Insurance Plan
If You Need Protection Against Critical Illnesses Our Critical Illness Mediclaim provides financial protection against the medical expenses of 32 critical illnesses, including cancer, stroke, and paralysis. It offers low premiums, easy EMI options, quick recovery counselling, and coverage for cancer at all stages.
Critical Illness Insurance
Eligibility Criteria and Health Insurance Policy Details
For health insurance in India, check policy-specific eligibility for conditions like co-payments and waiting periods. Below are Care Health Insurance's eligibility criteria:
Minimum Entry Age
Individual- 5 years | Floater- 91 days with at least 1 insured person of age 18 years or above
Maximum Exit Age
Lifelong for Adults
Tenure Options
1/2/3 Years
Cover Types
Individual and Family Floater basis
Waiting Period
30 days for illnesses, except injury | 24 months for named ailments | 36 months for pre-existing diseases
Grace Period
30 days to renew your policy post expiry
What are the Factors Affecting the Premium of Medical Insurance Policies
Given below are some of the factors that affect the premium of your health insurance policy:
Age: The higher the age, the higher the premium, and vice versa.
Pre-existing Conditions: Pre-existing lead to higher premium costs.
Body Mass Index(BMI): High BMI leads to a higher premium amount.
Lifestyle Habits: Unhealthy and risky habits like drinking can increase premiums.
Type of Plan: Family plans typically have lower premiums than individual plans.
Sum Insured: A higher sum insured has a higher premium.
Deductibles and Co-Payment: Higher deductible/co-pay leads to lower premiums.
Add-On Covers: Additional coverage increases the premium.
Location: Areas with high medical costs have higher premiums.
Medical History of Family: A family history of diseases can lead to higher premiums.
How to Calculate the Premium of Health Insurance Plans?
You can now calculate the premium using a simple digital calculator designed especially for medical insurance policies. This tool helps you get the right estimate of the amount of premium you will have to pay for your policy. It considers various factors to calculate the premium, including the information you have entered. To help you understand the benefits, a good health insurance plan in India is crucial for financial protection against rising medical costs. Here are the steps to calculate your premium:
Step 1: Visit the Health Insurance Premium Calculator page.
Step 2: Choose the desired policy and enter your mobile number in the 'Get Quote' section.
Step 3: Enter the PIN code and email, followed by the details of all the members to be insured.
Step 4: Customize the policy by changing the sum insured and add-ons as per your needs.
Step 5: That's it! Your instant health insurance quote is calculated, including 18% GST.
We offer three policy estimation options: family cover, pre-existing diseases cover, and senior citizen insurance. The premium calculator will automatically calculate the amount you must pay to be eligible for the coverage. You can check the premium and critical benefits in your base Mediclaim insurance policy.
Health Insurance on Your Fingertips
Now that you are versed in the details of health insurance, here are a few other things you should know to make an informed choice of a health insurance plan online. Click through to understand how to choose a health plan online.
Buy Online
Premium Reduction
Easy Renewal
To choose the best medical insurance in India, you must consider the below-mentioned advantages:
Verify Eligibility: Often, health policies come with entry age restrictions. With Care Health Insurance, you face minimum age restrictions with a minimum entry age of 91 days on a floater basis and get lifelong renewability.
Ensure Maximum Coverage: Our health insurance plans provide pre and post-hospitalization expenses, diagnosis expenses, treatment, medication, organ donor cover, and annual health check-ups.
Look for Affordable Premium: A budget-friendly premium is always on your mind while buying a medical policy. In our digital portal, you can utilize the health policy calculator to estimate the premium rates by customizing the covers and sum insured as per your needs.
Check Exclusions: Check the exclusions list carefully before choosing a health insurance plan. There are certain pre-defined conditions under which you cannot make a claim. So, go for the cover that offers maximum coverage with minimal exclusions.
Understand the Co-Payment Clause: Before investing in private medical insurance, it's advisable to check the co-payment clause. Co-pay in health policies refers to a specified percentage of the claim amount that needs to be borne by the insured person.
Select Wide Cashless Network Hospitals: Easy access to our empaneled network hospitals provides you with cashless treatment in the least time. Ensure a widespread cashless hospital network, and don't forget to look for well-renowned hospitals in your vicinity.
Bid for Higher Claim Settlement Ratio: Claim Settlement Ratio proves the company's reliability in settling claims.
How much Tax Benefit Can I get from Health Insurance?
If you fall into the taxable slab, then your health insurance plan can fetch you tax benefits. Here’s how:
If you are paying the health insurance premium for yourself, your spouse, your children, or your parents, you can avail of tax benefits under Section 80D and save more.
As a policyholder, you can also claim up to ₹5,000 towards preventive health check-ups.
Take a look at the table to understand the deductions in detail:
Policyholders
Deductions for premium paid for self and family
Deductions for premium paid for parents
Preventive Health Check-Ups
Tax benefit
Self and family below 60 years
₹25,000
-
₹5,000
₹25,000
Self, family, and parents below 60 years
₹25,000
₹25,000
₹5,000
₹50,000
Self and family below 60 years and parents above 60 years
₹25,000
₹50,000
₹5,000
₹75,000
Documents required to File a Claim under Health Insurance
Given below are the set of documents that you will have to submit while making a claim:
Category Documents
Claim Related
Duly filled and signed claim form
Insured person’s name, policy number, address, etc
Medical Documents
All diagnostics and medical reports
Original payment receipts, hospital bills, and discharge summary
Pharmacy bills and prescriptions
Doctor’s referral letter
Some Myths about Health Insurance Busted
Health insurance is vital to financial planning, yet various misconceptions surround it. Let us examine the most common health insurance myths and help you understand what is a myth and what is not, to help you find the best health insurance in India.
Health Insurance is only meant for seniors: Health insurance is crucial for people of all ages, owing to the increase in health risks in younger individuals. Further, early purchases also lead to lower premiums.
Coverage Begins Immediately Upon Purchase: Usually, a waiting period of 30 days applies before you can make a claim. Specific conditions may also have additional waiting periods.
The Cheapest Plan is the Best Choice: The cheapest plan may not offer comprehensive coverage. To be properly covered, choose adequate benefits over price.
Pre-Existing Diseases Disqualify You From Health Insurance: Pre-existing diseases often result in higher waiting periods or premiums, but you can still get coverage. Specific add-ons are also available to reduce waiting periods.
Group Health Plan is Enough: Group plans usually have limited coverage and can be ineffective in case of job switch. Consider purchasing an individual plan to supplement existing group coverage.
All Hospital Bills are Covered: Even the most comprehensive health insurance plans have specific exclusions. Read your policy documents to understand policy limitations.
Porting Your Health Policy to Care Health Insurance
There are more than one reasons to port your policy to Care Health Insurance. As an insured person, we promise you unique benefits with lifelong renewability under most of our health insurance plans. Porting a medical plan is easy and can be done before the policy renewal stage. Just notify your existing insurer at least 45 days before the policy renewal date of an existing medical cover.
You will be able to retain your medical insurance policy benefits and accrued bonuses and transfer the time-bound exclusions, including credit for the waiting period for pre-existing diseases. It is possible to port a policy from one insurance company to another and from one health insurance policy to another policy with the same insurance company.
How to Port a Medical Insurance Policy?
Here is a step-by-step guide to port your health insurance scheme and get covered under Care Health Insurance plans:
Step 1
On the home page of Care Health insurance ,select the “port existing policy” option and follow the premium calculation journey.
Step 2
Fill up the proposal form and the portability form with relevant details and submit the required documents along with it.
Step 3
The requisite data will be furnished on the official portal of IRDAI.
Step 4
The new insurance company will underwrite the proposal and inform you within 15 days.
Things to Keep in Mind When Porting Health Insurance
Inform your previous insurer
Before switching to a new health insurer, it is vital to inform the current insurer. You should write an application for this purpose. You can make this request to your insurer at least 45 days before your policy’s expiry date. The request must be made 60 days before the renewal date of the health insurance policy. Let’s understand how to make the portability permission request. You should write an application in which you have to mention the name of your new insurer and other personal and details. Once you apply, your application will be reviewed and you will receive an acknowledgement within 3 business days.
Keep an eye on the premium
When you decide to port your health insurance policy to a new insurer, you should enquire about the premium. You should check whether the premium will increase or decline on porting. The change in premium indicates the changes in your coverage or benefits. So, gather this information before you finalize the porting.
Check for the available add-ons
If you are thinking of switching to a new insurer to enhance coverage or benefits, you should check for the available add-ons. You can buy the add-ons of your new insurer to avail of the extended benefits.
Understand the waiting period
You should understand the waiting period cycle before you port to a new insurer. Simply put, the waiting period is divided into three parts.
The first waiting period starts with buying the policy. This is for only 30 days.
The second waiting period is for slow-growing diseases and is served for 2 years.
The third waiting period is for 3 years, and it applies to pre-existing diseases. The good news is that when you port your existing policy to a new insurer, your waiting period does not start from the beginning. It starts where you left off with the previous insurer.
Suppose you have served a two-year waiting period for a pre-existing disease that has a total waiting period of three years. Then, after porting your policy, you need to wait for only one year before filing a claim.
Give correct details about your medical health
Hiding your medical history when you make a porting request to the new insurer can be a mistake. Your new insurer may or may not make you undergo a medical test. In case you have been suffering from any chronic illness , your porting request may be rejected considering the probability of frequent medical visits or hospitalization.
Choose a higher sum insured
Obviously, you have decided to port to a new insurer because you are optimistic about new benefits there. Hence, you should try to choose a higher sum insured when you port.
Check Insurer Details
Before you decide to port your Mediclaim policies to a new insurer, it might be a good idea to be aware of a few metrics. You should always check for details like discounts being offered, any consumer complaints, company’s empaneled network healthcare providers and the claim settlement ratio. It might also help to check the ratings on the company’s social media handles to understand the overall customer experience.
Hassle-free Claim Settlement Through Care Health Customer App
Care Health Insurance strives to make quality health care accessible to everyone while maintaining a quick and hassle-free claim experience. The Care Health Customer App is an integrated app for all your health insurance needs. You can use this app for claim intimation, fill out a claim form online, upload the necessary claim documents, and track your claim status. Given below is the step-by-step process to file claim intimation using ‘Claim Genie’
Step 1:Open the Care Health-Customer App on your phone.
Step 2:Click on ‘Claim Genie’ on the home screen. Click ‘claim intimation’
Step 3:Select claim type.
Step 4:Select the member and enter all the claim related information.
Step 5:Upload any claim related medical documents.
You can also track the status of the claim, just click on the ‘Claim Tracking’ option on the homepage. The list of active claims will be presented on the screen. Click on “Track Claim” on the relevant claim. The latest claim status will then be displayed on top of the screen. This app can also be used to download the query/settlement letter or approval letter.
Advantages of Buying Health Insurance Online With Us
Embrace the ease of securing your health online, with our digitally-enhanced portal. All you need to do is simply select your preferred health cover plans, fill up the details, and pay through secure transaction modes. Here’s why and how we ensure a customer-friendly purchase a medical insurance plan online:
Chat Option for Queries
Our team is always available for all your queries concerning the terms and conditions of our healthcare policies. By accessing the live chat option, you can quickly discuss any policy-related matter at your convenience. No appointment is required.
Get Health Insurance Quotes
We facilitate digital premium calculators to help you evaluate and opt for customized healthcare insurance for your family members. The ability to choose your desired health coverage and optional benefits helps us serve you the best Mediclaim policies. You can get numerous health insurance quotes online. All you need to do is select a health insurance plan and enter details such as age, health condition, etc. Compare premiums, coverage, and exclusions to buy health insurance online.
Secure Payment Modes
Our fortress-like secure payment gateways offer various digitally secure modes, including credit/debit cards or net banking. Once purchased, you will receive authentic policy documents immediately. This way, we help you get an instant Mediclaim policy in less than an hour.
Transparent Policy Evaluation
What we promise on paper is what you get in times of emergencies. All our healthcare insurance plans include all the terms and conditions for your ready reference. Online quote comparison makes the whole process transparent. Usually best health insurance providers allow you to add or remove benefits, sum insured, or number of members, etc. Based on your choices, the premium is calculated and you can observe the variation.
Readily Available Value Added Services
While browsing online through our Mediclaim policies, you can easily check out other add-on benefits. These include OPD care, co-payment waiver, and reduced wait time for pre-existing diseases, among others, to cover your specific needs.
Helps Save Money
The offline method of buying Mediclaim policies usually result in increased costs due to numerous factors like agent fees. Insurance agents get a commission for selling Mediclaim policies , which increase the cost of the policy. Purchasing a health insurance plan online can help eliminate overhead expenses. Further, some insurance companies also offer an additional discount when you purchase plans using their online platform. Further, it can also help you save a lot of time and effort as you can buy good health insurance in India in just a few clicks.
Easy Comparison
People have diverse needs. When you buy health insurance online, you can compare and pick a plan that suits your specific needs. You can also get health insurance quotes from different providers to choose one that suits your budget. You can get an understanding of the premium factors based on the plans you choose and the number of people you add.
Region-specific Health Insurance Plans in India
Select from the following plans according to your location and health insurance needs:
Medical Insurance in Mumbai
Starting @ ₹13/dayHealth Insurance Plans in Tamil Nadu
Starting @ ₹13/dayMedical insurance in Coimbatore
Starting @ ₹13/dayBest Health insurance in Pune
Starting @ ₹13/dayBest Health insurance in Hyderabad
Starting @ ₹13/dayHealth insurance Plans in Kerala
Starting @ ₹13/dayHealth Insurance Plans In Chandigarh
Starting @ ₹13/dayMedical insurance Plans in Guwahati
Starting @ ₹13/dayHealth insurance Plans in Goa
Starting @ ₹13/dayMedical insurance Plans in Delhi
Starting @ ₹13/dayHealth insurance Plans in Bengaluru
Starting @ ₹13/day
Care Health Insurance in the Media Limelight
Cashless Claim Within An Hour! How Can Customers Take Full Benefit Of IRDAI's New Update?
Cashless claim settlements are a cornerstone of the modern insurance landscape, offering numerous benefits to policyholders and the industry alike. Irdai in a master circular released on Wednesday alerted all insurance providers...
Compare features, costs regularly to find a better health insurance
Health insurance premiums are on their way up. A survey of 11,000 owners of personal health insurance policies by Local Circles found that 52 per cent had witnessed an over 25 per cent increase in their renewal premiums in the past 12 months...
Health Insurance for senior citizens: How the no age restriction new rules will benefit the elderly— Explained
Health Insurance for senior citizens: The recent amendments by the Insurance Regulatory and Development Authority of India (IRDAI) regarding health insurance rules are set to benefit senior citizens significantly...
Mother’s Day 2024: Understanding the significance of health insurance for women
As we celebrate Mother’s Day, it is crucial to reflect on the health-related challenges that women face. From reproductive health to mental wellness, our mothers can encounter obstacles that demand attention, care and support...
Cancer Coverage: Why Health Insurance Is Essential? Here Are 6 Key Reasons
Cancer Coverage: Ever increasing number of cancer cases in India present a challenging aspect of the nation's healthcare landscape. According to the National Cancer Registry Programmed, India recorded about 1.46 million new cases of cancer in 2022....
Customize insurance riders to fit your family's medical background
A growing number of health insurance customers are nowadays supplementing their base health insurance policies with riders. According to insurance aggregator Policybazaar.com, while only 15 per cent of customers purchased riders...